DGAP-Adhoc: InCity Immobilien AG: INCITY ACQUIRES OFFICE PROPERTY IN BERLIN AT THE LEIPZIGER PLATZ FROM QUANTUM

INCITY ACQUIRES OFFICE PROPERTY IN BERLIN AT THE LEIPZIGER PLATZ FROM QUANTUM
 

• Almost fully let residential and commercial property located directly at the Leipziger Platz in Berlin-Mitte acquired from Quantum Immobilien

• The change in ownership and transfer of risks and rewards is scheduled to take place at the end of 2018

Frankfurt am Main, 9 November 2018 - InCity Immobilien AG has acquired a ten-storey residential and commercial property, mainly with office units, located directly at the Leipziger Platz in Berlin via a subsidiary and has concluded a notarial deed of sale for this property today. The company's property portfolio now consists of ten properties.

The property is located at Leipziger Platz 8, Erna-Berger-Strasse 5 in Berlin-Mitte and is nearly fully let with a rentable area of approximately 5,100 sqm, of which about two thirds are allotted to office space. The ten-storey building was constructed between 2000 and 2003. It features two entrances, the imposing main entrance in the front building facing the Leipziger Platz and the side entrance at Erna-Berger-Strasse 5. The property currently generates rental income (net cold rent) of more than EUR 1 m annually. The parties have agreed not to disclose the purchase price. The closing of the transaction and payment of the purchase price are subject to various standard customary closing conditions.

Reporting and contact person:
Helge H. Hehl, CFA
CFO
InCity Immobilien AG
Beethovenstrasse 71
60325 Frankfurt am Main, Germany
Phone: +49 (0)69 7191889 55
E-mail: ir@incity.ag

Language: English
Company: InCity Immobilien AG
Beethovenstrasse 71
60325 Frankfurt am Main
Germany
Phone: IR: +49 (0)69 7191889 55 PR: +49 (0)69 7191889 66
Fax: +49 (0)69 719 18 89 790
E-mail: ir@incity.ag
Internet: www.incity.ag
ISIN: DE000A0HNF96
WKN: A0HNF9
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Basic Board), Stuttgart, Tradegate Exchange